News

An interactive online tool offering clearer guidance for people working for themselves and individuals considering self-employment has been launched by HMRC.

The Financial Conduct Authority has published the second phase of its consultation on proposals for increased enforcement transparency after ‘significant concerns’ were raised by financial firms.

The International Accounting Standards Board (IASB) has said it wants to improve the requirements for recognising and measuring provisions on company balance sheets.

HMRC has warned taxpayers to be ‘extra vigilant’ as it reported 145,000 scam referrals for fake rebates and demands for tax in the past year.

India and the UK will resume talks for a free trade agreement (FTA) in the new year, following months of flux due to general elections in both countries.

The overall tax debt in the UK has risen to £44.8bn, up from £43.3bn in the last quarter, according to the latest quarterly performance update from HMRC.

Self-employed individuals have taken 35% fewer sick days than employed workers due to the potential loss of income, insurance giant MetLife UK has found.

Nearly two-thirds of decision makers in large UK businesses are worried that employees will be targeted by fraudsters, with 50% of respondents fearing staff could become an ‘insider threat’.